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Archive for the 'Urge to merge' Category

Scenes from TriZetto’s merger…

Wednesday, May 28th, 2008

When TriZetto (TZIX) announced last month that it was being acquired by private equity firm Apax Partners for $22 a share, the stock, which fell sharply in March, quickly bounced back to reflect the buyout price. So investors who bought when the stock fell to around $15 were able to take advantage of a nice [...]

LSI’s CEO hearts Oregon…

Wednesday, May 21st, 2008

When LSI (LSI) hired former Intel (INTC) executive Abhijit Y. Talwalkar as president and CEO three years ago, the package included two years of housing allowances plus an offer to cover various moving and closing costs if Talwalkar moved from Oregon to the San Jose area within two years.
When that deal expired last year, LSI’s [...]

Wrigley, the merger, and the comment letters…

Monday, April 28th, 2008

The big merger news this morning is that Mars plans to buy Wrigley (WWY) in an $23 billion deal that carries a hefty premium for Wrigley’s shareholders, given Friday’s closing price of $62.45.
But what’s really interesting to me is what role a string of increasingly testy comment letters between the company and the SEC had [...]

Another sour merger…

Thursday, April 24th, 2008

Sometimes, a disclosure in a recent filing prompts you to dig a bit deeper and look back. That’s exactly what happened when I caught the following disclosure in Brandywine’s (BDN) proxy filed yesterday:
Represents (i) $516,685 for the cost for use of a private aircraft that we provide to Mr. Prentiss as a continuing benefit under [...]

Booyah: Dissecting Jim Cramer’s new contract…

Thursday, April 10th, 2008

Ever since TheStreet.com (TSCM) issued this press release yesterday announcing that it had inked a new contract with Jim Cramer, there’s been no shortage of stories about the deal — most of which note the higher salary and the end to the temporary contracts. Love him or hate him, there’s few people on Wall Street [...]